Enfusion Shares Slip After Short-Seller Spruce Point Warns of 'Financial Restatement Risk'-March 2024-www.financetom.com

Enfusion Shares Slip After Short-Seller Spruce Point Warns of 'Financial Restatement Risk'

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Enfusion Shares Slip After Short-Seller Spruce Point Warns of 'Financial Restatement Risk'

Mar 14, 2024 7:53 AM

10:37 AM EDT, 03/14/2024 (MT Newswires) -- Enfusion ( ENFN ) shares slipped 2.5% in recent Thursday trading after short-seller Spruce Point Management raised concerns about the company's "financial restatement risk."

Enfusion ( ENFN ) did not immediately respond to a request for comment by MT Newswires.

"We believe revenue is at high risk of misstatement as we find accounts that appear to have been quietly revised or do not reconcile," Spruce Point said Thursday.

The firm said it "believes that financial restatement risk is high."

Price: 9.09, Change: -0.23, Percent Change: -2.47

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